U.S. inflation contained, bucks global price trend

Inflation accelerated in Asia and Europe in March while the United States bucked the global trend with underlying price pressures largely in check, leaving monetary policy on diverging paths around the world.

The euro zone joined the rapidly developing economies this month in raising interest rates to counter mounting price pressures.

In contrast, the Federal Reserve has shown no appetite to raise U.S. rates before unemployment has declined further and until the sluggish recovery is on a firmer footing. As a result the Fed's super-cheap money is taking some of the blame for fueling the commodity boom that is adding to inflation pressures elsewhere.

Read Full Article from Reuters

- Posted: 2011-04-15 19:29:25

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